Movable Hypothec Promissory Note Template

Document description

Sample of our movable hypothec promissory note:

MOVABLE HYPOTHEC – PROMISSORRY NOTE This Moveable Hypothec – Promissory Note (the “Agreement”) is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Grantor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the "Creditor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHICH PARTIES HAVE AGREED AND DECLARED AS FOLLOWS: 1. INTERPRETATION 1.1. Definitions The following terms and expressi